Damian shares a small food truck with his sister. His share of the expenses is $500 per month. He has decided to get his own, newer food truck which he will not have to share with anyone. His expenses for the newer truck are $1,400 per month
Damian is as rational as any other person. As an economics major, you rightly conclude that
A) Damian figures that the additional benefit of having his own truck (as opposed to sharing) is at least $900.
B) Damian cannot afford the newer truck and will have to go back to sharing a truck with his sister.
C) Damian figures that the additional benefit of having his own truck (as opposed to sharing) is at least $1,400.
D) the cost of having one's own truck outweighs the benefits.
A
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The balance of payments account which records foreign investment in the United States and U.S. investments abroad is the
A) capital and financial account. B) current account. C) official settlements account. D) None of the above because foreign investment in the United States is included in one account and U.S. investment abroad is included in another account.
For which type of organization is unlimited liability likely to be the greater problem-proprietorships or partnerships? Why?
What will be an ideal response?